OECD’s transparency forum expands in Africa

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The OECD’s Global Forum on Tax Transparency has welcomed its two newest members – Burkina Faso and Cameroon.

"We are delighted to welcome Burkina Faso and Cameroon as
new Global Forum members," said OECD secretary-general Angel
Gurria.

The rise in prominence of taxation and transparency issues
is being seen in many developing countries, and the addition of
Burkina Faso and Cameroon to the Global Forum will ensure this
continues. The fact that the African Tax Administration Forum
(ATAF) has been an observer of the Global Forum has also helped
to facilitate tax cooperation on the continent.

"They [Burkina Faso and Cameroon] are now among the
jurisdictions directly involved in the international effort to
make tax systems worldwide transparent and fair to all," said
Gurria. "Following their lead and that of other African
countries, we look forward to continue strengthening
international and regional cooperation in Africa. Domestic
resource mobilisation through a transparent and effective tax
system is a key element for successful development
policies."

The Global Forum is meeting in Cape Town over Friday 26
October and Saturday 27 October. The OECD said it is expecting
representatives from more than 80 jurisdictions and seven
international organisations. The meeting will build on the work
of the forum’s phase two review process, which is
examining the effectiveness of countries’ exchange
of information practices.